Germany urges Greece to respect debt deal

The latest in a series of Franco-German meetings to deal with the eurozone crisis saw little in the way of concrete decisions, but Chancellor Angela Merkel took the opportunity to warn Greece there will be no more money unless progress is made on details of the country’s second aid package. 

“We want Greece to stay in the euro area. We have repeatedly said that the restructuring of Greece’s debt is an offer to improve Greek debt sustainability. However, Greece must really implement its troika obligations,” she said, referring to conditions laid down by the EU, the European Central Bank and the International Monetary Fund (IMF).

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